SAU 4.35% 8.8¢ southern gold limited

Hi @nickyboyGB, Look a little deeper and you will find it...

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  1. 11 Posts.
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    Hi @nickyboyGB,

    Look a little deeper and you will find it well...stranger.
    Have a look at the last few co announcements.  

    SAU have $$4.6m in cash
    WGX (market cap $544m) are developing SAU underground mine in Australia with expected $5m payable to SAU in the next 12-18 months.  With further underground potential very possible.
    SAU have other assets being drilled in Korea and Australia this month and next.

    BMV need to buy/place $250k in SAU shares at 38cents for their 50% of Kochang and another $250k in SAU shares at 38cents if they want 50% of Taechang.


    Most importantly.  SAU are doing exactly what they said they would do.  Explore and define ground then pass to another entity that will develop the mine and deliver SAU a revenue stream through production.  All while SAU avoids mine development risk and mining risk.

    If you like BMV you should love SAU.
 
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Currently unlisted public company.

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